So what are the 9 new reasons for businesses to yell, "Mayday!"?
- People are getting older: The world is aging; this is nothing new because it always been aging. However, it seems that it is aging much quicker now than it used to. A large percentage of the population of the world will be senior citizens in the next few decades. This means there will be some new problems, such as some countries not being able to keep some promises. For example, social security in the U.S.
- Depleted resources. There is an incredibly important resource to the modern, tech-infused world that many of us do not realize; the element is called tantalum. It is a core component of smartphones. This, and other resources, will be more scarce and this will cause some serious dangers.
- Consumers becoming independent. Consumers already sometimes make their own products but this will likely be a bigger issue in the future. And it will create some headaches for brands.
- The torrent model for more products. Pirating music is still a big venture for people. This will become more of an issue for other products as well. Remember Napster? It will be like Napster or other torrent sites but for products of all kinds.
- Things and processes becoming automatic. Almost 50 percent of workers in this country are already scared about being replaced by computers and machines. This will only increase as time goes on. Professions that include: journalists, production line employees, some culinary jobs, etc.
- Localization. Companies will want to reduce the distance between themselves and their suppliers, such as restaurants and their farms.
- Transparency: Many people, especially Millennials, are already very transparent about information that used to be very personal. Ratings and opinions of each other will become a regular thing to post on the internet, like GlassDoor but for fellow consumers.
- Big data. The concept of having the ability to hide and be forgotten is no longer a thing; nowadays, countries are struggling with the idea of how to use the data they get. Should companies go the way of individual privacy or more of a "hands off" approach model of governing corporations.
- Alternative models of economics. Yes, we have bitcoin but expect other models of currency and economics will come to fruition as well.
As a crisis communications agency in Chicago, we can tell you how much companies struggle with causes of PR crises in 2014; as things progress, the causes will change and some will get more intense. Does your business have an issue or want to prepare for them? Then contact All Points PR, we are a Chicago PR agency with a full team dedicated to crisis communications.